Household energy bills could reach almost £5,000 a year by 2020, nearly four times higher than they are today, according to new research from uSwitch.com.
The average household energy bill today is £1,243 a year, but uSwitch.com had predicted that costs could be sent spiralling by ongoing pricing trends coupled with investment in infrastructure, the cost of cutting carbon and boosting energy efficiency.
The huge investment programme shortly to be undertaken by the energy industry and Government is expected to total £233.5 billion. This includes plans to put a new ‘smart meter’ in every home by 2020 to reduce energy …
Read the original article at Totallymoney
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